Lending

Q. Should I take out a startup loan for my small business idea? Dear Reader, The prospect of starting your own business and growing your ideas must be very exciting. And the most difficult part is getting the capital to get it going, especially if your business is just starting out. Taking out a loan to grow your business has its pros and cons, but the ultimate decision depends on the …Read More

By Tara Carter Times are tough and money is tight, so what do you do? For some, this might lead to applying for a payday or car title loan. However, most are unaware of the high interest rates and fees associated with these types of loans. First, what is a payday or car title loan? A payday loan is a relatively small amount of money lent at a high interest …Read More

By Gary Silverman People regularly ask me how to choose a financial advisor. After my stock answer of â€œchoose me,â€ I begin by asking them why they want one. Financial advice means different things to different people. One such person told me that he had some stocks that he wanted to buy and wanted me to buy them for him. Well, thatâ€™s not giving financial advice. He did his own …Read More

Money is an emotionally charged issue that has torn apart many a relationship. The NFCC offers the following suggestions when deciding whether to lend or not to lend to a loved one: Just like in Vegas, don’t risk more than you can afford to lose. Loaning money to friends or family is a gamble, so never make a loan if it’s going to put your own financial situation on the …Read More

Shakespeare was apparently on to something when he wrote that lending money to friends often resulted in the loss of both the friend and the money. Money is an emotionally charged issue that has torn apart many a relationship. â€œBlood may be thicker than water, but money can be the great divider, even in a family,â€ said Gail Cunningham, spokesperson for the NFCC. â€œOne NFCC Member Agency reported a situation …Read More